Schizophrenia in Hungarian industrial policy

In recent years, growing involvement of the Hungarian state in economic matters has caught the attention of researchers, journalists and policy-makers. The new direction is unusual in the post-socialist region dominated by laissez-faire thinking. However, under closer scrutiny, it become clear that the interventions do not tackle the issue at heart of the Hungarian developmental dilemma: the dual economy gap, caused by the absence of a strong innovative sectors in domestic ownership. The Hungarian case demonstrates that without democratic oversight, industrial policy is more prone to support crony capitalism than to deliver endogenous and sustainable growth.

https://drive.google.com/file/d/1UA_KqhSOd_s-DoU2EUKY6bDuFWCohe0B/view

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